3D-Printed Composites Market research report is a study offering rich insights on market forecasts, latest market trends, market competition, and opportunity analysis.
Stratview Research announces the launch of a new research report on 3D-Printed Composites Market This extensive report from Stratview Research, studies the 3D-Printed Composites Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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This 3D-Printed Composites Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
- by End-Use Industry Type (Aerospace & Defense, Transportation, Medical, Consumer Goods and Others) – Aerospace and Defense to remain the most dominant sector.
- by Composite Type (Continuous Fiber and Discontinuous Fiber)– The continuous fiber is projected to remain the most preferred composite type
- by Reinforcement Type (Carbon Fiber Composites, Glass Fiber Composites,Other composites)
- by Technology Type (Extrusion Process,Powder Bed Fusion, and Others) – The extrusion is expected to remain the most dominant technology
- and by Region (North America, Europe, and RoW) – North America is projected to remain the most dominant
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The 3D-Printed Composites Market: Insights
The global 3D-Printed composites market is projected to reach US$ 111.1 million in 2022.
In the composites industry, 3D printing technology is relatively new and unheralded, but it has now got successful in gaining ground, driven by an advancement in the 3D printing technologies, low part cycle time, an efficient process, compatibility with all possible material combinations, lower material wastage, and an organic growth of composite materials in the different industries.
Currently, most of the composite parts are fabricated through labor-intensive manufacturing processes, such as hand layup, which place this versatile material behind in the race compared with other competing materials in the mass-produced applications. Over the past two decades, composites industry has experienced a sheer transformation in the development of manufacturing process in terms of automation; however, end-use industries, such as automotive, are still demanding further reduction in the overall cycle time of finished parts.
At the same time, they are also looking for such a process which curtails wastage during production. Here, 3D printing plays a vital role in delivering the customers’ expectation by making parts in lesser time with reduced wastage.
The global 3D-Printed composites market is segmented based on composite type as continuous fibers and discontinuous fibers. The continuous fiber is projected to remain the most preferred composite type for 3D printing during the forecast period of 2017 to 2022.
Discontinuous fiber-based composite is also gaining market traction because of its higher strength.
The global 3D-Printed composites market is segmented based on reinforcement type as carbon fiber composites, glass fiber composites, and other composites. Carbon fiber is projected to remain the largest reinforcement type in the global 3D-printed composites market during the forecast period.
This fiber type is also likely to witness the highest growth during the same period. Carbon fiber offers a wide array of advantages over competing materials, such as lightweight, higher strength and stiffness, and exceptional fatigue and corrosion resistance.
The penetration of carbon fiber is incessantly increasing owing to its excellent properties and external market factors. High demand for lightweight components in the structural applications for improving fuel efficiency or reducing carbon emissions is the leading growth driver of the increased demand for carbon fibers in major industries, such as aerospace & defense and automotive.
The global 3D-Printed composites market is segmented based on technology type as extrusion, powder bed fusion, and others. The extrusion is expected to remain the most dominant technology for the fabrication of 3D-printed composite parts during the forecast period; however, powder bed infusion technology is estimated to grow at the highest rate during the same period.
North America is projected to remain the most dominant 3D-printed composites market during the forecast period. The region is also the largest manufacturer of the advanced composites globally.
Additionally, many ongoing R&D projects favor the growth of 3D-printed composite parts in this region. Europe is likely to remain the second largest market for 3D-printed composite parts during the same period.
Stratasys Ltd., 3D Systems Corporation, Arevo Labs, MarkForged, Inc., Cincinnati Incorporated, Graphite Additive Manufacturing Limited, EnvisionTEC, and CRP Group are some of the well-known 3D printing research labs offering 3D-printed composite parts in the market. Development of an advanced technology, collaboration among composite stakeholders including 3D printers, and development of new applications are some of the key strategies adopted by major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value.
It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market forecast analysis
- Market segment forecast
- Competitive landscape and dynamics: Market share, Product portfolio, Product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Category: Market Research Publishers and RetailersCompany about: Stratview Research is a global market intelligence and strategic research firm offering wide range of services including syndicated market reports, custom research, and procurement intelligence across industries such as Advanced Materials, Composites, Aerospace and Defense, Automotive and Transportation, Construction and Equipment, Energy and Utility, Consumer Goods, Marine, and Oil and Gas.